SOLAR PV could be similar to the shale gas disruption for the utilities industry
|
|
- Beatrix Reed
- 8 years ago
- Views:
Transcription
1 BEYOND MAINSTREAM SOLAR PV could be similar to the shale gas disruption for the utilities industry JUNE 215
2 THE BIG <1% The share of traditional utilities in the European installed solar PV capacity is less than 1% at the end 214. The remaining 99% is owned by investors, project developers, households and commercial companies and they compete with utilities in electricity generation. p % The share of solar PV electricity production in total European electricity production can reach 12% by 23, quadrupling the share in 213. Solar PV will start to have a large impact on the business model of utilities. p cts kwh The electricity retail price, including taxes, grid fees and the EEG levy equals 29 cents/kwh in Germany, while the feed-in tariff for residential rooftop installations equals only 12.5 cents/kwh. Raising self-consumption with home automation tools and storage enables consumer to put the difference of 17 cents/kwh in their pockets, threatening the traditional utilities offer. p. 8 New business models for utilities p ROLAND BERGER STRATEGY CONSULTANTS
3 Introduction: Solar PV could be a game changer for the utility industry In just 3 years, solar PV has developed from a niche segment into a high growth market. Once mainly used in remote locations, it is now installed on all types of rooftops and land sites on all continents, almost regardless of irradiation. Solar PV is therefore moving into a position to become a game changer for the utility industry. We see this move as disruptive for the utilities industry as the shale gas revolution that dramatically impacted the whole energy landscape. Solar PV enables energy consumers to produce power. Its energy is produced at the site of consumption; this decentralization reduces the need for transmission. Utility companies, whose business models are based on centralized power generation and one-way transmission, will have to prepare for the lower volumes and lower peak loads, for the reduced revenues and margins in turn. But solar PV not only presents challenges; it also creates new opportunities for energy delivery and for the services that will install, maintain and operate these new facilities. As it depends on the sun, the production profile of solar PV is intermittent depending on solar irradiation and clouds. Production is highest around noon and absent during the night. New solutions will have to be developed that can deliver consistent electricity to meet demand. Utilities, in redefining their business models to match this new state of affairs, can position themselves to play an important role in matching energy supply and demand in the decades to come. This paper describes the challenges and opportunities for utilities posed by solar PV. The following section briefly discusses the historical development of solar PV. The third section highlights the drivers of solar PV, why consumers buy and install solar PV panels. The fourth section then considers the forecasts for the penetration of solar PV worldwide and for Europe in more detail. In the fifth and sixth sections, the impact on utilities, and the transmission and distribution companies respectively, will be discussed. The main findings and conclusions are presented in the final section. ROLAND BERGER STRATEGY CONSULTANTS 3
4 Solar PV has developed from a niche market into a high-growth industry The photovoltaic effect was proven in 1839, but it was not until 195 that the first solar cells were produced for satellites. In the late 197s, solar PV was used to power remote and off-grid locations. In the early 199s, governments in Germany, Japan and the US started the growth of the solar PV sector through special programs that targeted both deployment and the build-up of a domestic industry. For instance, Germany s 1, roofs and 1, roofs programs built its industry s capabilities in solar panel rooftop installation. Likewise, the Japanese government s New Sunshine Project created a solar photovoltaic industry and a domestic market for solar power. Since these early initiatives, government policies for solar PV have matured, and many countries began to offer feed-in tariffs, net metering regulations, tax credits or other support schemes to encourage installation. Over time, though focus has shifted to reducing CO2 emissions, the aims driving the solar PV sector still include building a cleantech industry and reducing foreign dependence for fuel. As shown in figure A, the solar PV industry has grown exponentially. In 214, worldwide nominal capacity installed totaled 177 GW; each year, this capacity grows by about 4 GW. A GLOBAL SOLAR PV CAPACITY BY REGION Cumulative solar PV capacity [GW]: Annual solar PV capacity additions [GW]: RoW MEA China Americas APAC Europe Source: EPIA, Roland Berger 4 ROLAND BERGER STRATEGY CONSULTANTS
5 3.27 B PRICING SYSTEM PRICE EVOLUTION - EUROPE 1) [EUR/WATT P ] % % % Residential Commercial Utility ground-mounted RESIDENTIAL SYSTEM PRICE COMPARISON [213; EUR/WATT P ] As of 213, system prices were heterogeneous across regions, with residential prices in the US and Japan being about twice as high as in Germany and three times higher than in China. Prices of modules are similar across Europe, the US and China, but are exceptionally high in Japan, where 9% of modules are built domestically in a two-tier wholesale system in which suppliers show high bargaining power. System prices are also higher in France than in other EU countries, as the French state has favored the development of locally-produced higher value-added building-integrated modules (ISB and IAB). The key price difference between US and German systems are not hardware related but depend on soft costs. In Germany, higher average system sizes lead to economies of scale, and scale and experience effects account for lower installation labor and overhead costs. On the contrary, the US market is more fragmented and has more complex interconnection and permitting procedures leading to higher BoS costs. China Germany Italy France 2) Japan USA Balance of system Inverter Module 1) Weighed average for Belgium, France, Germany, Austria, Spain, Italy and Sweden 2) France: prices for ISB (Simplified Building Integration) ; Component prices unavailable Source: IEA PVPS, Roland Berger ROLAND BERGER STRATEGY CONSULTANTS 5
6 Most installed capacity is located in Europe, but with solar PV s expansion China and Asia in general are seeing the highest growth. As the number of installed solar PV panels has grown, the price of solar panels has come down. This effect, of course, was the intention behind government initiatives to provide financial support to buyers of solar PV. Prices for panel modules have dropped from around USD 1 per watt peak (Wp) in 1975 to below USD.6/Wp in 214. C Total system prices have also fallen, dropping 15-23% per annum between 21 and 213. Depending on the application and region, a solar PV system at the end of 213 cost between USD 1.29/Wp for a utility ground-mounted system and USD 2./Wp for a residential rooftop system in Europe. The balance of system (BOS), including installation, is now at ca. 5% of the system s total costs. B C SOLAR PV EXPERIENCE CURVE [MW, USD/WATTP] PV module price [USD 214/Wp] , 1, 1, 1,, Cumulative module production [MW] Crystalline Silicon FS CdTe Thin Film Source: Bloomberg New Energy Finance, PV news, European Commission-DG Joint Research Centre, Roland Berger 6 ROLAND BERGER STRATEGY CONSULTANTS
7 Decreasing costs and new technological and commercial developments make solar PV a viable source of electricity Solar PV systems are installed on roofs of buildings and on land at a utility-scale. Owners can be either the owners of the roofs themselves, or investors who rent the roofs for the installation. Utility-scale installations are built by a diverse range of players, including investors, project developers and utilities. The purchasing decision is different for each type of player, since the value of a solar PV system varies by its use, the buyer s ability to sell electricity at attractive prices, the applicable regulations, and, especially for households, the ease of purchase. This section describes the drivers for solar PV in more detail: the cost evolution of solar PV (1), evolutions in the regulatory framework (2), new technological developments that can raise the value of solar PV (3), and new commercial developments that make the decision to buy a solar PV system easier (4). 1. Cost evolution The two main reasons to buy a solar PV system are: (1) that the electricity generated can be sold at a profit, or (2) that the electricity generated is cheaper than buying it from a utility company or obtaining it from an alternative source. In the purchasing decision, utilities will compare the levelized costs of electricity (LCOE 1) ) of solar PV with the wholesale electricity price. Households, on the other hand, will compare the LCOE with the residential electricity price, including grid and retail costs and taxes. Though residential systems may be more expensive than utility-scale system, the higher residential electricity price as reference still makes them attractive. An often overlooked item in this cost comparison, however, is the difference in the cost of capital for consumers versus investors. Whereas investors use a market-based weighted average cost of capital, consumers often compare a solar PV investment with the interest rate on their savings account. This further raises the attractiveness of an investment in solar PV by households. Commercial players in the SME segment have adopted a professional view in making their larger-scale investments in solar PV, while benefiting from retail prices and legal certainty of feed-in regulation in their business cases. Since solar PV used to be more expensive than the wholesale or retail power price, governments have provided subsidies to bridge the difference and promote increased installation. Now, solar PV system prices have come down; in certain cases, subsidies are no longer even needed. Other areas of regulatory activities become more vital, such as net metering, feed-in priorities, take-or-pay obligations and the like. The continuing cost reductions are coming from higher module efficiency, cheaper parts production, as well as lower installation costs. The price of solar modules, for example, dropped 1-fold between 1995 and 214. The BOS and inverter now make up 5% of the total costs of a residential solar system. 1) The LCOE (levelized cost of energy) is a metric for the cost of electricity produced by a generator. It is calculated by accounting for all of a system s expected lifetime costs (including construction, financing, fuel, maintenance, taxes, insurance and incentives), which are then divided by the system s lifetime expected power output (kwh). ROLAND BERGER STRATEGY CONSULTANTS 7
8 D DECLINING LCOE THROUGH TECHNOLOGICAL PROGRESSION Higher module efficiency [%] 25 Lower CAPEX investments [USD/W] First Solar P-Type Multi c-si P-Type Mono c-si N-Type Mono c-si Other Balance of plant Module EPC Inverter CONTINUOUS DECLINE IN LCOE Global average LCOE of solar PV is estimated to have declined by around half between 21 and 214. Rapid advancements in technology leading to higher module efficiencies coupled with lower module / inverter costs and increasingly competitive structures in most markets pave the way for lower LCOEs going forward. Deutsche Bank predicted that 8% of solar systems gloablly will be at grid parity with conventional energy in 2 years. Penetration rates of solar electricity set to surge with such a clear trend of declining LCOE Source: Bloomberg, Agora, IRENA, Deutsche Bank, Roland Berger 3 And the potential for further cost reductions is considerable; Deutsche Bank predicts a 4% reduction in total system costs by 217 1). D The LCOE of solar PV has also come down, reaching USD /MWh for utility-scale systems and USD /MWh for residential application. LCOEs will decline furthers. The LCOE ranges are large due to the significant differences in irradiation, import levies on modules, BOS, and the differences in installation costs between countries and their chosen weighted cost of capital. These ranges, however, are expected to shrink, as shown in figure E. As a result of the low system prices, grid parity has already been reached in many countries, including Germany, Spain and Italy in the residential applications, where the price of solar PV compares with the regular retail price, including transport costs and taxes. In Germany the retail price is 17 cents/kwh higher than the feed-in tariff (as proxy for the LCOE), making the purchase of a solar PV system a viable alternative. The recent tender for a utility-scale solar PV system in Abu Dhabi at a price of USD 59.8/MWh also reveals that grid parity has been reached at wholesale prices in certain other regions. The continued decline of LCOEs will increase the robustness of grid parity in the residential segment, as well as in utility-scale solar PV, which will be able to compete with wholesale prices in more countries around the world. That said, further cost reductions are needed to foster large-scale uptake. The price of decentralized solar PV electricity injected into the grid greatly determines the profitability of the household system 1). Most consumers do not use all the power they generate at home; in Germany, for example, the average is between 1) Deutsche Bank, Crossing the Chasm, February ) Note that in some countries, all generated power has to be transmitted into the grid at a predefined price. It is then purchased at a similar cost. 8 ROLAND BERGER STRATEGY CONSULTANTS
9 2-3%. If feed-in tariffs are lower than the LCOE, the profitability of the system is reduced. Taxes also help determine or discourage uptake. In some countries, like the Netherlands, solar PV consumption is tax-exempt. The retail electricity bill also often does not include large fixed elements, like a capacity fee for access to the grid, which would reduce the price differential between solar PV and retail electricity. If solar PV is taxed or fixed elements are introduced, lower LCOEs will be required to ensure solar PV s attractiveness. 2. Regulation Before solar PV reached grid parity, many governments offered subsidies for solar power generation and devised special rules for grid access. Now, governments are gradually phasing out these subsidies and rules, as development has gone faster than expected, targeting a certain range of annual installations and adapting their support accordingly. In Germany, for instance, the feed-in tariff is now being reduced every month for installations up to 1 MW. There is no support for installations above 1 MW. Since 212, private consumption of electricity from a home s solar PV system does not receive any means of support, though households do not have to pay the EEG levy (renewable energy support scheme) on the electricity they use which amounts to cents 6.17 cents/kwh for the average household (based on April 215 figures). Larger utility-scale installations have to bid in an auction to receive a market premium on the solar PV electricity price. Germany has also announced that when total installed capacity reaches 52 GW, no more subsidies for solar PV will be given. Current capacity stands at 38 GW. In France, the feed-in tariff is also being gradually reduced. The LCOE will eventually become lower than the regulated tariff, especially in the south. Setting its feed-in tariffs and auctions, the French government targets annual installations of 1, MW. In the UK, with its lower irradiation levels, consumers still receive a generation stipend for solar PV, but the level of this stipend is also being gradually lowered. E LEVELIZED COST OF ELECTRICITY OF SOLAR PV [USD/MWH] Source: IEA, Roland Berger Utility-scale Rooftop ROLAND BERGER STRATEGY CONSULTANTS 9
10 Larger utility-scale installations need to bid for a Contract for Difference for installations larger than 5 MW. Overall, the nature of the regulation of solar PV is expected to transition from promoting uptake to reducing negative externalities on the energy system. Given that consumers do not usually consume most of their own household s PV generated electricity, the feed-in of this excess energy and the grid connection itself will be regulated, especially in the residential and small commercial segments. Such regulation, however, is expected to temporarily discourage, rather than promote, solar PV uptake though this effect will fade once wholesale price grid parity is reached. This regulation will likely take three forms. First, new regulation will arise on the prices at which households can feed-in their excess power into the grid. These feed-in prices can be well below the wholesale prices given their non-dispatchable nature and the location of injection. However, when self-consumption levels reach 5%, and at current LCOEs of less than 5% of the retail price, solar PV will still be a profitable investment even if all excess electricity is wasted. Therefore, this type of regulation is not expected to drastically affect solar PV. Second, new regulations will force consumers to pay for their access to grid capacity, rather than for their use of that capacity. Under current schemes, solar PV owners pay relatively little for their use of the grid capacity, whose price depends on total retail electricity consumption. However, grid costs depend more on fixed assets than on use, so households with no solar PV pay a disproportionate share of the total costs an indirect incentive to switch to solar PV. Changing the cost allocation in this regard will delay solar PV uptake, but not indefinitely, since grid parity will just be reached later. Third, taxes and levies on self-consumption of electricity will also arise. Unlike retail electricity, electricity from solar PV is currently tax-exempt in most countries. This tax scheme incentivizes energy efficiency and helps finance the still uncompetitive renewable electricity. Governments may well impose taxes on solar PV electricity in order to treat all household energy systems equally. The German government, in fact, has imposed 3% of the EEG levy on self-consumption of electricity from solar PV installations on commercial buildings. Such taxes and levies will slow solar PV uptake, but will have no impact once the LCOE has reached wholesale power grid parity. 3. New technological developments Even though the LCOE of solar PV is already lower than the retail electricity price, solar PV is not yet attractive for all households. Most consumers only use 2-3% of their privately generated electricity, and often receive only a break-even fee for the electricity they feed-in the grid. Storage solutions, like batteries, demand-side management, and other smart home solutions would raise the self-consumption ratio. Most battery systems still cost over EUR 8/kWh, though in April 215 the US-based company Tesla announced a new, cheaper module at USD 5/kWh after inverter costs and installation. Despite the benefits of high self-consumption, the total costs of the solar PV system will remain higher in the near term. However, the battery price will fall quickly. By 225, the price of batteries is projected to drop below USD 2/kWh, as shown in figure F. Currently, battery storage would add another USD.14/kWh to the LCOE, but this is expected to drop to only USD.2/kWh within five years. In Germany, in fact, household solar PV and battery storage will reach grid parity by 216. Demand-side management techniques in the home will also raise self-consumption levels. SMA and other inverter companies are already offering solutions that predict power output based on weather forecasts, and which automatically start electricity-intensive appliances like washing machines when power production is optimal. These demand-side tools are reported to increase self-consumption rates to 45%. Solutions which connect smart systems to storage are also arising. EDF, for example, has proposed the use of boilers as a cheap means to store PV-produced electricity, leveraging its Linky smart metering technology to make 1 ROLAND BERGER STRATEGY CONSULTANTS
11 F BATTERY PRICE PROJECTIONS [USD 212 /KWH] 8 use of the 11 million boilers in France that partially rely on the grid. With affordable storage and home automation in place, self-consumption rates of solar PV, adoption rates, and the profitability of the system as a whole are expected to rise. 4. New commercial developments BNEF Averaged Navigant EIA 248 Source: BNEF, Navigant, EIA, Rocky Mountains Institute, Roland Berger A solar PV system is characterized by large capital expenditures and very limited operational costs. Because many households and SMEs do not have the capital needed upfront, several players have set up various financial solutions. For instance, Sungevity or DZ-4 and similar companies offer solar PV systems, leasing the system to the homeowner in either a financial or operating lease. Utilities in Europe also offer lease constructions, receiving reimbursement for the system via the utility bill. US firms are even moving to Europe to offer their products for these leasing schemes, and new European companies are arising as well. In addition to reducing the electricity bill, one of the key arguments for households to lease a solar PV system is the guarantee on revenues and maintenance costs for a product with a lifetime of more than 15-2 years. Also, the risk of shorter longevity is carried by the leasing company. Nevertheless, the majority of European households still opt for buying their own system; adoption of leasing is more common in the SME segment. The ease of buying solar PV systems has also improved. In the early days, a local installation company would install the solar PV system. Nowadays, via websites and apps, utilities provide a quote for installation which includes revenue projects based on satellite pictures of the rooftop. IKEA also now offers installation of solar PV systems. Solar PV is coming more and more in reach for the average household. These commercial developments are lowering the hurdles for household and SME purchase of a solar PV system. Paired with greater knowledge about these systems and the keeping up with the Joneses effect, commercial dynamics will ensure continued solar PV adoption. ROLAND BERGER STRATEGY CONSULTANTS 11
12 Solar PV penetration will be high around the world, including in Europe Due to solar PV s declining costs in the utility, commercial and residential segments, its installation will become profitable, even without subsidies. In the absence of subsidies, the growth path will become more stable. No more boom and bust cycles sudden changes in government policy will cause the large interruptions seen in various countries in the EU, Japan and the United States over the past years. Most LCOE forecasts for electricity from solar PV predict that grid parity will be reached for utility-scale and residential use. Using price forecasts for solar and alternative energy sources, most institutes have developed energy scenarios for the share of solar PV in total electricity production. Figure G demonstrates that these penetration rates vary substantially depending on the assumptions made. In its oceans scenario, Shell is the most optimistic with a penetration rate of more than 25% worldwide. The IEA is the least optimistic, with a rate of max 5% in its World Energy Outlook. However, in its Energy Technology Perspectives report it predicts a rate of 16% in its high renewable variant of the 2 degrees scenario. These energy scenarios reveal a pessimism for the uptake of solar PV. They assume high LCOEs for the near future, and their capital cost projections for 22 and 235 were actually already reached in 213. These energy scenarios are often developed from the perspective of optimizing the energy system, while the decision to buy a solar PV panel is often made by households with the aim of reducing their energy costs and they do not take externalities into account. G SHARE OF SOLAR PV IN TOTAL ELECTRICITY GENERATION BY ENERGY SCENARIO [TWH %] Global 3 Europe Shell: Oceans Shell: Mountains WEC: Symphony WEC: Jazz Greenpeace: Revolution Greenpeace: Reference IEA: 45 scenario IEA: current policies Source: IEA, European Commission DG TREN, Shell, WWF, Greenpeace, WEC, Roland Berger 12 ROLAND BERGER STRATEGY CONSULTANTS
13 H SHARE SHARE OF SOLAR PV IN EUROPEAN GENERATION CAPACITY Generation capacity 1) in ENTSO-E area [GW] Generation capacity and base and peakload demand in 225 [GW] 1, ,446 1,4 1,125 1, Green transition 23 Green revolution Germany Greece Italy Belgium Czech Republic Netherlands Spain France Solar Other Baseload demand Peakload demand 1) Scenario B of ENTSO-E system adequacy report; UK data taken from the slow progress scenario in the National Grid Future Energy report Source: ENTSO-E, National Grid, Roland Berger ROLAND BERGER STRATEGY CONSULTANTS 13
14 I SOLAR PV INSTALLATION BY TYPE Utility-scale solar PV [GW]: Type of installation in 218 [GW %]: % 3% 72% 39% 5% 59% 16% 84% % 35% 61% 5% % 3% 3% 28% 41% 33% 28% 2% Europe Americas China APAC MEA North & Central America Asia Europe Other Utility-scale Rooftop Source: Wikisolar, EPIA, Roland Berger We believe that the forecasts and visions of the European transmission system operators are more in line with future generation capacity in Europe, as shown in figure H. European TSOs assume higher adoption rates of solar PV; by 225, Europe s solar PV generation capacity is forecast at 12% or 147 GW. In ENTSO-E s green revolution scenario, solar PV might even reach 21% of installed capacity, or 12% of consumption, by 23. The higher share predictions reveal that solar PV can have a drastic impact. In Germany, Greece and Italy, solar PV capacity will already exceed baseload demand by 225. It could even exceed 5% of peakload demand, making export and storage necessary to deal with the market situation. In contrast to other regions in the world, the adoption of utility-scale installations will be lower in Europe, where more will be built in Southern European than in Northern Europe. Lower irradiation factors in Europe hinder reaching grid parity in this segment, and local and national European governments often take a negative stance towards utility-scale solar. Investors and other project developers own the utility-scale installations in Europe. With a share of less than 1% in total solar PV capacity, solar PV is a gap in the production portfolio of traditional utilities. I 1 14 ROLAND BERGER STRATEGY CONSULTANTS
15 Utilities will have to adapt their business models to solar PV The rise of solar PV will affect utilities in a number of ways, including reductions in volume and peakload prices. Higher intermittency may affect the ability to operate power plants, and as a consequence new pricing models in the electricity sector will have to be developed. 1. Lower volumes in specific segments In the European Union, solar PV systems will be mainly owned by households and commercial players, including agriculture. Together, they will produce 9-12% of total electricity consumption in the EU by 23. Utilities will have to reduce electricity production at their power plants by at least the same amount. The residential and commercial segments are responsible for almost 6% of total electricity consumption. With its higher margins, these segments also constitute the more attractive markets for utilities. Margins are lower in the industrial segment, where prices are close to wholesale and where consumption profiles and prices reflect the baseload production. Solar PV will thus replace between 5% and 1% of the more attractive market segments, as seen in figure J. Solar PV s replacement of utility production and its share of the residential and commercial segments differ by country. In Italy and Spain, solar PV could account for 33-47% of power volumes in the residential and 26-46% of volumes in the commercial segment. In France, replacement will be lower at 1-17%. While solar PV could replace almost 14% of European utility power production on average, it will not fully replace 14% of the revenues from utilities. Self-consumption is currently at 2-3% and could increase to 5%, and the excess electricity needs to be bought by market players. Utilities, already with access to these consumers, are in a good position to buy and sell the excess electricity and thus increase their trading activities. Utilities can also leverage their storage solutions, which have longer cycles than same-day batteries. 2. Intermittency will impact pricing In contrast to conventional electricity generation, solar PV cannot be dispatched. Electricity is generated whenever the sun shines. Ultimately, this will impact conventional electricity generation, which will have to adapt its production, due to solar PV s absence of marginal costs. Solar PV will always push out more expensive electricity generation options. The production of solar PV is highest between noon and 2pm, when irradiation is highest. Production swings will also occur due to weather conditions. With higher installed capacities of solar PV, the impact of the day/night profile and weather conditions will affect the utilization of conventional electricity. Large weekly and seasonal effects will also be present. A single week could see a tripling of daily production, simply due to weather. Production can also be eight times higher in summer than in winter. K This intermittency presents both challenges and opportunities for utilities, which will have to complement solar PV production while dealing with changed electricity prices. For example, the intermittency requires utilities to be able to quickly respond to fluctuations. Household use of batteries might partially offset the impact of daily fluctuations, but not seasonal. ROLAND BERGER STRATEGY CONSULTANTS 15
Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015
June 2015 Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015 This paper presents average values of levelized costs for generating technologies that
More informationGLOBAL RENEWABLE ENERGY MARKET OUTLOOK 2013
GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 213 FACT PACK GUY TURNER HEAD OF ECONOMICS AND COMMODITIES APRIL 26, 213 GLOBAL RENEWABLE ENERGY MARKET OUTLOOK, 26 APRIL 213 1 INTRODUCTION This year s Global Renewable
More informationTRENDS 2015 IN PHOTOVOLTAIC APPLICATIONS EXECUTIVE SUMMARY
TRENDS 2015 IN PHOTOVOLTAIC APPLICATIONS EXECUTIVE SUMMARY Report IEA-PVPS T1-27:2015 FOREWORD.... The IEA PVPS Programme is proud to provide you with its 20 th edition of the international survey report
More informationRENEWABLE SELF- CONSUMPTION. Cheap and clean power at your doorstep
RENEWABLE SELF- CONSUMPTION Cheap and clean power at your doorstep Key messages Self-consumption helps European consumers and businesses to control their energy bill. In a context of increasing energy
More informationWind and solar reducing consumer bills An investigation into the Merit Order Effect
Switch for Good Wind and solar reducing consumer bills An investigation into the Merit Order Effect Executive summary Concerns over the cost of renewable subsidy schemes have led to significant policy
More informationCOMPETING IN THE ENERGY SECTOR
COMPETING IN THE ENERGY SECTOR ON THE ROAD TO COMPETITIVENESS SEPTEMBER 2011 COMPETING IN THE ENERGY SECTOR ON THE ROAD TO COMPETITIVENESS Solar Photovoltaics Competing in the Energy Sector On the road
More informationGlobal Market Outlook for Photovoltaics until 2012 Facing a sunny future
> Competitiveness Global Market Outlook for Photovoltaics until 1 Facing a sunny future 1 Global Market Outlook for Photovoltaics until 1 Facing a sunny future Demand side The solar PV market has been
More informationThe Prospects for Cost Competitive Solar PV Power
The Prospects for Cost Competitive Solar PV Power Stefan Reichelstein Graduate School of Business Stanford University September 2012 Introduction Rapid Growth of Solar PV Installations 17 GW of solar PV
More informationH1 2014 LEVELISED COST OF ELECTRICITY - PV
H1 2014 LEVELISED COST OF ELECTRICITY - PV JENNY CHASE 4 FEBRUARY 2014 LCOE OF PV, FEBRUARY 2014 1 PV EXPERIENCE CURVE, 1976-2013 (2013 $/W) 100 Cost per W (2013 $) 1976 10 1985 2003 2006 1 2012 2013 Q3
More informationExecutive Summary: Distributed Solar Energy Generation
RESEARCH REPORT Executive Summary: Distributed Solar Energy Generation Market Drivers and Barriers, Technology Trends, and Global Market Forecasts NOTE: This document is a free excerpt of a larger report.
More informationSolar Photovoltaics Jobs & Value Added in Europe
Solar Photovoltaics Jobs & Value Added in Europe November 2015 1 This study is commissioned by SolarPower Europe. 2 1. Introduction 4 2. A Summary of Key Findings 8 3. Total job creation 10 4. Forces shaping
More informationPerspectives for ESS in Germany and Europe legal situation and applications StoREgio energy storage system association
Perspectives for ESS in Germany and Europe legal situation and applications StoREgio energy storage system association Dr. Peter Eckerle Managing Director peter.eckerle@storegio.com Topics Who is StoREgio?
More informationINVESTING IN A TRANSITIONING SECTOR
INVESTING IN A TRANSITIONING SECTOR Eurelectric conference Jon Moore, CEO NEW INVESTMENT IN CLEAN ENERGY 24-14 ($BN) 32% 17% $318bn -7% $294bn 16% -9% $31bn.5% $272bn $268bn 17% 46% 36% $175bn $25bn $26bn
More informationSECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6
CONTENTS SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6 Disclaimer notice on page 8 applies throughout. Page 2 SECTION 1. PREAMBLE The New Energy Outlook (NEO) is Bloomberg New Energy
More informationPV GRID. Efficient Grid Integration of European PV: Project Results. Jörg Mayer, Managing Director German Solar Industry Association (BSW-Solar)
PV GRID Efficient Grid Integration of European PV: Project Results Jörg Mayer, Managing Director German Solar Industry Association (BSW-Solar) 16th September 2014 1 PV GRID Key facts An Intelligent Energy
More informationSummary of the Impact assessment for a 2030 climate and energy policy framework
Summary of the Impact assessment for a 2030 climate and energy policy framework Contents Overview a. Drivers of electricity prices b. Jobs and growth c. Trade d. Energy dependence A. Impact assessment
More informationREDUCTION OF BUREAUCRATIC BARRIERS FOR SUCCESSFUL PV DEPLOYMENT IN THE EU KEY RECOMMENDATIONS
REDUCTION OF BUREAUCRATIC BARRIERS FOR SUCCESSFUL PV DEPLOYMENT IN THE EU KEY RECOMMENDATIONS September 2011 THE PV LEGAL PROJECT Many countries have already recognised the potential of solar energy and
More informationRegulation by the Feed-in Tariff: Experiences from Germany
Solar Power International 08 Panel Technology & Regulation: How to do it Right 16th October 2008, San Diego, California, USA Regulation by the Feed-in Tariff: Experiences from Germany Gerhard Stryi-Hipp
More informationWP1 Task 1 The Drivers of Electricity Demand and Supply
PROJECT NO 518294 SES6 CASES COST ASSESSMENT OF SUSTAINABLE ENERGY SYSTEMS Observatoire Méditerranéen de l Energie WP1 Task 1 The Drivers of Electricity Demand and Supply Version April 2007 1. Drivers
More informationCHILE LEVELISED COST OF ENERGY
CHILE LEVELISED COST OF ENERGY PRESENTED TO NRDC TYLER TRINGAS, ENERGY ECONOMICS APRIL 2011 Chile Levelised Cost of Energy, April 2011 1 CONTENTS Introduction Objectives Levelised Cost of Energy Model
More informationPerspectives on Global Competitiveness in Solar Energy at the U.S Department of Energy
Perspectives on Global Competitiveness in Solar Energy at the U.S Department of Energy 1 Minimum Take-Aways from This Talk Q: How do you pronounce photovoltaic? A: fō-tō-vōlt-a-ic Q: Why is Germany leading
More informationStorage Battery System Using Lithium ion Batteries
Offices and schools Utilities / Renewable energy Storage Battery System Using Lithium ion Batteries Worldwide Expansion of Storage Battery System s Commercial Buildings Residential The Smart Energy System
More information2. The German energy transition is driven by citizens and communities.
8 Key Finfings Energy Transition The German Energiewende By Craig Morris, Martin Pehnt An initiative of the Heinrich Böll Foundation Released on 28 November 2012 Revised July 2015 www. 8 Key Findings German
More informationVolatility, risk and risk premium in German and Continental power markets
Volatility, risk and risk premium in German and Continental power markets Stefan Judisch / Andree Stracke RWE Supply & Trading GmbH 22 nd January 2015 RWE Supply & Trading PAGE 0 Agenda 1. What are the
More informationResponse to the Energy White Paper Issues Paper PREPARED BY EMC ENGINEERING FOR THE AUSTRALIAN GOVERNMENT DEPARTMENT OF INDUSTRY
Response to the Energy White Paper Issues Paper PREPARED BY EMC ENGINEERING FOR THE AUSTRALIAN GOVERNMENT DEPARTMENT OF INDUSTRY i P a g e www.energym adeclean.com CONTENTS
More informationEuropean Distribution System Operators for Smart Grids. Position paper on Electric Vehicles Charging Infrastructure
European Distribution System Operators for Smart Grids Position paper on Electric Vehicles Charging Infrastructure European Distribution System Operators for Smart Grids Position paper on ELECTRIC VEHICLES
More informationHow To Encourage Self Consumption Of Electricity
SELF CONSUMPTION OF PV ELECTRICITY Position Paper July 2013 1. INTRODUCTION In 1996, the liberalization process launched in the energy sector had one major objective: ensuring affordable energy prices
More informationIs Germany in the slow lane for low carbon heat?
Is Germany in the slow lane for low carbon heat? Our latest research challenges the conventional wisdom that the best growth opportunities for low carbon heat in Europe are in Germany Delta-ee Whitepaper
More informationThe Energy Transition in Germany Past, Present and Future
The Energy Transition in Germany Past, Present and Future smart energy Paraná, Conferência International 2014 9 May 2014 Dr. Carsten Tschamber A Brief History of the Energiewende 1973 - oil crisis, Federal
More informationThe inevitable downfall of the Belgian electrical power industry? Prof. Damien Ernst University of Liège March 2015
The inevitable downfall of the Belgian electrical power industry? Prof. Damien Ernst University of Liège March 2015 1 The EU electricity market Electricity is a commodity which is traded at the European
More informationGlobal market outlook for photovoltaics until 2013
2013 Global market outlook for photovoltaics until 2013 2005 2006 2007 2008 2009 2010 2011 2012 2013 TABLE OF CONTENTs 1 Executive Summary p 2 2 Global Historical PV Market Development p 3 3 Global PV
More informationThe Energiewende in the Power Sector: State of Affairs 2014
The Energiewende in the Power Sector: State of Affairs 2014 A Review of the Significant Developments and an Outlook for 2015 BERLIN, 07 JANUARY 2015 The most important developments in 2014 at a glance:
More informationPage 1 of 11. F u t u r e M e l b o u r n e C o m m i t t e e Agenda Item 7.1. Notice of Motion: Cr Wood, Renewable Energy Target 9 September 2014
Page 1 of 11 F u t u r e M e l b o u r n e C o m m i t t e e Agenda Item 7.1 Notice of Motion: Cr Wood, Renewable Energy Target 9 September 2014 Motion 1. That Council resolves that the Chair of the Environment
More informationStationary Energy Storage Solutions 3. Stationary Energy Storage Solutions
Stationary Energy Storage Solutions 3 Stationary Energy Storage Solutions 2 Stationary Energy Storage Solutions Stationary Storage: Key element of the future energy system Worldwide growing energy demand,
More informationEMERGING POTENTIAL FOR SOLAR ENERGY
EMERGING POTENTIAL FOR SOLAR ENERGY Wacker Chemie AG, February, 2012 CREATING TOMORROW'S SOLUTIONS DISCLAIMER The information contained in this presentation is for background purposes only and is subject
More informationPower Trading and Retail System. empowering. smarter trading. across the energy value chain. Smart energy. Powering progress
Power Trading and Retail System empowering smarter trading across the energy value chain Smart energy. Powering progress In today s turbulent and increasingly complex energy markets, Atos Worldgrid PTRS
More informationwelcome! Turkish Renewable Energy Market Rome 29 th April 2015 Levent Çelepçi
welcome! Turkish Renewable Energy Market Rome 29 th April 2015 Levent Çelepçi Turkish Map 65,000,000,000 Dollars Current Deficit Overview Turkish Electricity Market-Growth Potential Turkey s importance
More informationGood afternoon, and thanks to the Energy Dialogue for your kind invitation to speak today.
Good afternoon, and thanks to the Energy Dialogue for your kind invitation to speak today. Europe is at the forefront of a global transition to a cleaner energy economy. At the same time globally energy
More informationRenewable Energy Promotion Policies in Chinese Taipei
Renewable Energy Promotion Policies in Chinese Taipei Bureau of Energy, Ministry of Economic Affairs Chinese Taipei November 12, 2014 RE for CT - 1 Current Development of Renewables in Chinese Taipei RE
More informationGDF SUEZ. Introduction. Jean-François Cirelli
GDF SUEZ Introduction Jean-François Cirelli Content 1. Focus on gas market dynamics 2. Focus on electricity market dynamics 3. Focus on P&L resilience and sensitivities 4. Focus on synergies and performance
More informationToday s Topic. Plano Solar Advocates. www.planosolar.org Non-profit grassroots volunteer group. North Texas Renewable Energy Group
Today s Topic Rooftop Solar in Texas Right Place, Right Time! Plano Solar Advocates www.planosolar.org Non-profit grassroots volunteer group North Texas Renewable Energy Group www.ntreg.org Non-profit
More informationEvolution of the smart grid in China
18 Evolution of the smart grid in China Development of this enormous market could shape the future of the smart grid globally. David Xu, Michael Wang, Claudia Wu, and Kevin Chan China has become the world
More informationRecent developments of feed-in systems in the EU A research paper for the International Feed-In Cooperation
1 Recent developments of feed-in systems in the EU A research paper for the International Feed-In Cooperation January 2012 A report commissioned by the Ministry for the Environment, Nature Conservation
More informationPhotovoltaik und globale Energieversorgung
11/05/2011 EKZ Elektrizitätswerke des Kantons Zürich 1 Photovoltaik und globale Energieversorgung Arnulf Jäger-Waldau European Commission, DG JRC, Ispra Institute for Energy Renewable Energies Disclaimer
More informationSTEADYSUN THEnergy white paper. Energy Generation Forecasting in Solar-Diesel-Hybrid Applications
STEADYSUN THEnergy white paper Energy Generation Forecasting in Solar-Diesel-Hybrid Applications April 2016 Content 1 Introduction... 3 2 Weather forecasting for solar-diesel hybrid systems... 4 2.1 The
More informationFORTNIGHTLY. Reliability Standards. PLUS A Role for Coal Falling Demand New York s Distributed Future
FORTNIGHTLY PUBLIC UTILITIES Reliability Standards A fresh look at benefits, costs, and consequences. January 2015 ENERGY, MONEY, POWER PLUS A Role for Coal Falling Demand New York s Distributed Future
More informationWhat is Solar? The word solar is derived from the Latin word sol (the sun, the Roman sun god) and refers to things and methods that relate to the sun.
What is Solar? The word solar is derived from the Latin word sol (the sun, the Roman sun god) and refers to things and methods that relate to the sun. What is the solar industry? The solar industry is
More informationEconomic Analysis of the Renewable Energy Policies in the European Union
6th International Conference on Industrial Engineering and Industrial Management. XVI Congreso de Ingeniería de Organización. Vigo, July 18-20, 2012 Economic Analysis of the Renewable Energy Policies in
More informationGermany. Key issues. 1. General overview
Germany Key issues High volumes of renewables have changed the way the electricity market in Germany operates. In 2012 direct marketing increased, in particular in onshore wind, due to a change of the
More informationRenewable energy technology forecast: what can we expect from the technology evolution?
Renewable energy technology forecast: what can we expect from the technology evolution? Wolfram Krewitt DLR Institute of Technical Thermodynamics Systems Analysis and Technology Assessment Stuttgart NEEDS
More informationTechnology Fact Sheet for Mitigation
Technology Fact Sheet for Mitigation Solar PV systems (>1MW) i Technology: Solar PV systems (>1MW) Sector : Energy Subsector : Technology characteristics Introduction Solar photovoltaic, or simply photovoltaic
More informationTHE SOLAR ENERGY INDUSTRY: CURRENT STATUS AND FUTURE CHALLENGES
THE SOLAR ENERGY INDUSTRY: CURRENT STATUS AND FUTURE CHALLENGES Gerald I. Susman Smeal College of Business Pennsylvania State University Sustainability Conference Washington, DC October 13, 2009 SUPPLY/DEMAND
More informationState of Renewables. US and state-level renewable energy adoption rates: 2008-2013
US and state-level renewable energy adoption rates: 2008-2013 Elena M. Krieger, PhD Physicians, Scientists & Engineers for Healthy Energy January 2014 1 Introduction While the United States power sector
More information1. EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS
1. EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS EXECUTIVE SUMMARY Energy policy in Greece has the potential to make a significant contribution to the country s economic recovery. Increasing competition and
More informationGB Electricity Market Summary
GB Electricity Market Summary SECOND QUARTER 2014 APR TO JUN Recorded Levels of UK Generation by Fuel (based upon DECC Energy Trends & FUELHH data): GAS: 10.8GW WIND: 2.6GW AUGUST 2014 COAL: 10.1GW BIOMASS:
More informationProspects and Incentives for Use of Alternative Energy Technologies in the Arab Electric Power Generation Sector
Prospects and Incentives for Use of Alternative Energy Technologies in the Arab Electric Power Generation Sector Samir AlKotob Arab Fund for Economic and Social Development Objectives To overview the Arab
More informationRENEWABLE ENERGY IN AUSTRALIA
RENEWABLE ENERGY IN AUSTRALIA Increasing electricity generation from renewable energy sources is one of the main strategies to reduce greenhouse emissions from the power sector. Australia has historically
More informationAgder Energi. God kraft. Godt klima. Solar as a distributed energy source. How will it challenge the traditional utility business?
Agder Energi God kraft. Godt klima. Solar as a distributed energy source. How will it challenge the traditional utility business? Players in the Traditional Electricity Sector 1. The traditional deregulated
More informationAn attractive investment case for EU renewables NO CARBON EMISSIONS, NO FUEL COSTS AND STRONG DRIVERS FOR CONTINUED GROWTH
An attractive investment case for EU renewables NO CARBON EMISSIONS, NO FUEL COSTS AND STRONG DRIVERS FOR CONTINUED GROWTH By Peter Rossbach and David Richardson For professional investors only - February
More informationCRITICAL THINKING AT THE CRITICAL TIME. Cheap Fossil. on Renewable
CRITICAL THINKING AT THE CRITICAL TIME Cheap Fossil Fuels Impact on Renewable Energy 1 Where we are today 3 Impact on wind and solar 6 What s next? 9 How Can FTI Consulting help? 2 FTI Consulting, Inc.
More informationWHEN AN EFFECTIVE EU ENERGY POLICY?
WHEN AN EFFECTIVE EU ENERGY POLICY? A. Clerici ABB Italy Honorary Chairman of WEC Italy Chairman of WEC WG The future role of nuclear in Europe 1 INDEX 1. General Comments 2. Vulnerability 3. Transmission
More informationNetherlands National Energy Outlook 2014
Netherlands National Energy Outlook 2014 Summary Michiel Hekkenberg (ECN) Martijn Verdonk (PBL) (project coordinators) February 2015 ECN-E --15-005 Netherlands National Energy Outlook 2014 Summary 2 The
More informationSOLAR ELECTRICITY: PROBLEM, CONSTRAINTS AND SOLUTIONS
SOLAR ELECTRICITY: PROBLEM, CONSTRAINTS AND SOLUTIONS The United States generates over 4,110 TWh of electricity each year, costing $400 billion and emitting 2.5 billion metric tons of carbon dioxide (Yildiz,
More informationBusiness Opportunities in the Mexican PV market. September 2013 Nikolai Dobrott, Managing Partner
Business Opportunities in the Mexican PV market September 2013 Nikolai Dobrott, Managing Partner Agenda. Apricum The Cleantech Advisory The global solar market Solar market and opportunities in Mexico
More informationSuccess story: Feed-In Tariffs Support renewable energy in Germany
Success story: Feed-In Tariffs Support renewable energy in Germany This document will show how this success story has been brought about and is made up of the following sections: 1. What is a Feed-In Tariff?
More informationThe Utility Growth Challenge
The Utility Growth Challenge 3,800 Introduction Utilities today face a host of significant challenges. Among them are environmental regulations; fuel price uncertainty; and fresh capital needs for plant
More informationBright Prospects for Solar Energy
Industry Analysis Bright Prospects for Solar Energy Marcial Nava Solar generating electricity will grow faster than other renewables However, fiscal incentives may still be needed in order to support the
More informationSelf-consumption. that you need to purchase from your power company. Bosch Solar Energy recommends photovoltaic systems with self-consumption.
Self-consumption of Solar Energy Bosch Solar Energy Self-consumption The self-consumption of solar energy refers to the proportion of energy which is used directly in the building where a PV system is
More informationRe-assessing Costs in the European Power Sector. July 2013
Re-assessing Costs in the European Power Sector July 2013 The rise in non-conventional energy production in the United States along with the need to rebuild Europe s economy has led to a new focus and
More informationDeveloping solar in emerging markets
Developing solar in emerging markets Swedbank Conference March 17, 2016 Our values Predictable Driving results Change makers Working together Disclaimer The following presentation is being made only to,
More informationWestern Australian Feed-In Tariff Discussion Paper
Western Australian Feed-In Tariff Discussion Paper OVERVIEW In September 2008, the incoming State Government announced its intention to introduce a feed-in tariff as part of the Liberal Plan for Environmental
More informationJohn Byrme Director, Center for Energy and Environmental Policy University of Delaware
John Byrme Director, Center for Energy and Environmental Policy University of Delaware THE CLEAN ENERGY ECONOMY IF WE TRY John Byrne December 13, 2010 Center for Energy and Environmental Policy The scenario
More informationEuropean Distribution System Operators for Smart Grids. Flexibility: The role of DSOs in tomorrow s electricity market
European Distribution System Operators for Smart Grids Flexibility: The role of DSOs in tomorrow s electricity market 1 Executive summary A core element of the transformation of energy systems around Europe
More informationREN21 2014 Global Status Report Renewable energy in the MENA region. Presented by the UAE Ministry of Foreign Affairs 3 July 2014
REN21 2014 Global Status Report Renewable energy in the MENA region Presented by the UAE Ministry of Foreign Affairs 3 July 2014 News of 2013 and early 2014 200 MW of wind completed and 160 MW of CSP under
More informationJohns Hopkins SAIS seminar - November 12, 2013
How Rooftop Solar Is Changing The Business of Electric Utilities Johns Hopkins SAIS seminar - November 12, 2013 Bob Gibson, VP, Education and Outreach, SEPA About SEPA SEPA is an educational non-profit
More informationLONG-TERM OUTLOOK FOR GAS TO 2 35
LONG-TERM OUTLOOK FOR GAS TO 2 35 Eurogas is the association representing the European gas wholesale, retail and distribution sectors. Founded in 1990, its members are some 50 companies and associations
More informationProjected Costs of Generating Electricity
Executive Summary Projected Costs of Generating Electricity 2015 Edition Projected Costs of Generating Electricity 2015 Edition INTERNATIONAL ENERGY AGENCY NUCLEAR ENERGY AGENCY ORGANISATION FOR ECONOMIC
More informationPhotovoltaics and Solar Thermal Energy in Germany: Market Development, Applications, Industry and Technology
Photovoltaics and Solar Thermal Energy in Germany: Market Development, Applications, Industry and Technology Gerhard Stryi-Hipp Managing Director BSW - Bundesverband Solarwirtschaft e.v. German Solar Industry
More informationRenewable Power Generation Costs
IRENA International Renewable Energy Agency SUMMARY FOR POLICY MAKERS: Renewable Power Generation Costs November 2012 Biomass for Power Generation Concentrating Solar Power Hydropower Solar Photovoltaics
More informationSolar Energy in Germany
Focus on Germany London Office The Chandlery Office 609 50 Westminster Bridge Road GB London SE1 7QY Tel 00 44 20 77 21 87 45 Fax 00 44 20 77 21 87 46 feslondon@dial.pipex.com www.fes.de/london March 2006
More informationEvolution is no longer optional for utility distribution companies
Evolution is no longer optional for utility distribution companies Mapping out the future of electricity distribution in the era of the digitally enabled grid: the Distribution Platform Optimizer Evolution
More informationInternational Solar Energy Arena January 23rd, 2009, Istanbul STEAM (Strategic Technical Economic Research Center)
International Solar Energy Arena January 23rd, 2009, Istanbul STEAM (Strategic Technical Economic Research Center) Good morning. Sayin Bakanım. Members of Parliament. Ladies and Gentlemen. Slide 1: Opening
More informationMicrogrids and their destructuring effects on the electrical industry. Prof. Damien Ernst University of Liège May 2014
Microgrids and their destructuring effects on the electrical industry Prof. Damien Ernst University of Liège May 2014 1 Microgrid: what is it? A microgrid is an electrical system that includes one or multiple
More informationIl fotovoltaico dopo il V Conto Energia verso la grid parity
Il fotovoltaico dopo il V Conto Energia verso la grid parity Niccolò Cusumano Università Bocconi, IEFE Bolzano, 19/09/2013 03 Good old times? USA 48 billion $ China 51 Germany 3129 Italy billion $ 12 India
More informationEuropean Distribution System Operators for Smart Grids
European Distribution System Operators for Smart Grids Integrating electricity storage in distribution grids May 2016 Introduction Since the start of mass-electrification, the electricity industry has
More informationABENGOA SOLAR Solar Power for a Sustainable World
European Workshop on "Success factors for International Cooperation on Research, Technological Development and Demonstration in the Area of Renewable Energy" Tenth World Renewable Energy Congress and Exhibition
More informationDuke Energy Florida. Solar Energy in Florida FPSC Request for Comments. Enhancing the development of solar technologies in Florida
2015 Duke Energy Florida Solar Energy in Florida FPSC Request for Comments Enhancing the development of solar technologies in Florida INTRODUCTION Duke Energy is committed to providing safe, reliable,
More informationHow can utilities survive energy demand disruption?
Accenture s Digitally Enabled Grid program - 2014 edition, Executive Summary How can utilities survive energy demand disruption? Accenture s Digitally Enabled Grid program - 2014 edition 1 Toward a digitally
More informationDistributed Solar Power Generation in Turkey and its Impact on Utilities Business Models
Distributed Solar Power Generation in Turkey and its Impact on Utilities Business Models Hannes Beushausen, Senior Consultant Istanbul, April 9, 2014 So far, utilities have delivered power to customers
More informationHow To Make Money From Energy Storage
Business Models for Energy Storage Michael Pollitt With thanks to Francisco Castellano Ruz and Karim Anaya Judge Business School University of Cambridge UKES 2015 University of Birmingham 26 November 2015
More informationConvegno nazionale di apertura 2014 IL FOTOVOLTAICO IN ITALIA ALLA SFIDA DEL MERCATO: NUOVI BUSINESS MODEL PER L ERA DELLA GRID PARITY
Convegno nazionale di apertura 2014 IL FOTOVOLTAICO IN ITALIA ALLA SFIDA DEL MERCATO: NUOVI BUSINESS MODEL PER L ERA DELLA GRID PARITY Fiera Milano 7 maggio 2014 New business models for the PV industry
More informationJune 2015. Position Paper Contribution to the debate on electricity market design and capacity markets
June 2015 Position Paper Contribution to the debate on electricity market design and capacity markets Eurogas is the association representing the European gas wholesale, retail and distribution sectors.
More informationThe energy transition in the power sector: State of affairs 2015
The energy transition in the power sector: State of affairs 2015 Review of major developments in Germany Patrick Graichen, Mara Marthe Kleiner, Christoph Podewils BERLIN, 7 JANUARY 2016 Key Findings 1
More informationWORLD ENERGY INVESTMENT OUTLOOK 2014 FACTSHEET OVERVIEW
OVERVIEW More than $1.6 trillion was invested in 2013 in energy supply, a figure that has more than doubled in real terms since 2000, and a further $130 billion to improve energy efficiency. Renewables
More informationImpact of Changing Energy Patterns on EU Competitiveness Giovanni Brianza 30 April 2014 Energy prices in EU Gas prices in major EU manufacturing economies 2 3 times higher than in the US...... and industrial
More informationTAMPA ELECTRIC COMPANY UNDOCKETED: SOLAR ENERGY IN FLORIDA STAFF S REQUEST FOR COMMENTS INTRODUCTION PAGE 1 OF 1 FILED: JUNE 23, 2015.
INTRODUCTION PAGE 1 OF 1 Introduction Solar power is an important part of Florida s energy future and can provide a number of benefits to Florida and its citizens by generating power without emissions
More informationOUTLOOK FOR NATURAL GAS IN EUROPE
6th German-Norwegian Energy Conference OUTLOOK FOR NATURAL GAS IN EUROPE Dr. Berit Tennbakk, Partner, RETROSPECT FALLING AND CONVERGING GAS PRICES HISTORICAL DEVELOPMENT MAIN DRIVERS Financial crisis Fukushima
More informationEuropean Distribution System Operators for Smart Grids
European Distribution System Operators for Smart Grids Response to the European Commission s public consultation on a new energy market design October 2015 Executive summary The European Distribution System
More information7 th TYNDP WS. The role of storage in a liberalized market. Georg Dorfleutner RAG Energy Storage GmbH www.rag-energy-storage.
7 th TYNDP WS The role of storage in a liberalized market Georg Dorfleutner RAG Energy Storage GmbH www.rag-energy-storage.at Unbundled SSO since 1.1.2013 Operating a storage-pool in Austria - CEGH TOV:
More informationPublished 4Q 2011. Dexter Gauntlett Industry Analyst. Peter Asmus Senior Analyst
EXECUTIVE SUMMARY: Distributed Solar Energy Generation Demand Drivers and Barriers, Technology Issues, Competitive Landscape, and Global Market Forecasts NOTE: This document is a free excerpt of a larger
More information